4Q25 METRICS – SALES OF OCCUPATION RIGHTS

NZX & ASX RELEASE 20 January 2026 4Q25 METRICS – SALES OF OCCUPATION RIGHTS Summerset Group reported 448 sales for the quarter ending 31 December 2025, comprising 207 new sales and 241 resales. The company ended the financial year with a full year result of 1,560 total settlements (an increase of 26 percent over FY24). This full year result included 125 care bed conversions with Summerset continuing to transition its care beds to being sold under Occupation Right Agreement (ORA). With these excluded, new sales were 680, up 16 percent from the 588 new sales achieved in FY24. Summerset CEO Scott Scoullar said the company is pleased to have seen the strong sales momentum from earlier in the year continue into the final quarter. “This is a positive result reflecting our hard work throughout the business to bring new residents into our villages and to improve profitability of care at Summerset - it’s pleasing to achieve both a record quarter and full year in this challenging market”, says Mr Scoullar. Summerset’s highest new sales village performers for the quarter were Summerset Boulcott, Summerset by the Dunes Pāpāmoa, Summerset St Johns, and Summerset Pohutukawa Place. “We’ve worked hard to deliver sales across all our villages, but it was especially pleasing to deliver such strong sales results at our large metro villages in Boulcott and St Johns which have large volumes of new homes delivered as their apartment blocks are completed. “It was also particularly pleasing to see resales finish the year strongly with the business now having only 2.7 percent of the portfolio uncontracted, down from 3.0 percent at FY24.” During FY25 the company delivered 637 units to be sold under ORA in NZ and 56 in Australia, in line with its target range of 600 to 650 in NZ and 50 to 80 in Australia. Summerset closed the year with a 31% increase in contracted new sale stock over the past 12 months, while uncontracted new sale stock was in line with FY24. Relative to 1H25, total new sale stock in the second half was down almost 2 percent, a period that included the delivery of 226 units in Q4. These deliveries included the final large apartment blocks at St Johns, the village centre buildings at Cambridge and Cranbourne North, along with ten homes at our second Australian village, Chirnside Park. Summerset has continued its measured and considered development in Australia as it grows across the ditch. “We opened presales for 28 homes at Chirnside Park late last year and 50% of these have already presold.” Mr Scoullar said that overall the company had a strong sales year in difficult trading conditions. Looking ahead, the business has a strong pipeline of committed sales contracts heading into 2026. Summerset will release its FY25 Annual Report on Friday 27 February 2026. ENDS For investor relations enquiries: Margaret Warrington Chief Financial Officer investor.relations@summerset.co.nz For media enquiries: Louise McDonald Senior Communications & Media Advisor louise.mcdonald@summerset.co.nz +64 21 246 3793